As part of the demerger, Tata Motors will split into two separate listed entities. The commercial vehicle business arm housed in TML Commercial Vehicles Ltd. (TMLCV) is expected to be renamed to Tata Motors Limited once the demerger is complete.
Meanwhile, the existing listed company (Tata Motors Ltd.), which still retains the passenger vehicle business, including the electric vehicle operations and investments such as Jaguar Land Rover, will be renamed to Tata Motors Passenger Vehicles Ltd.
Girish Wagh, who currently heads Tata Motors’ CV operations, will lead the new commercial vehicle company whereas Shailesh Chandra, the current head of the passenger vehicle and electric vehicle divisions, will spearhead the PV-focused company.
